MyBit is an Ethereum-based company that provides critical infrastructure for the next generation of wealth management applications. It is comprised of the MyBit Network, MyBit Whitelabel Software Development Kit (MyBit SDK), and Decentralised Development Fund (DDF). These resources enable the rapid building, testing, and deployment of wealth management applications on the Ethereum Blockchain. MyBit makes it simple for anyone to design, test, develop, and maintain decentralised wealth management applications on Ethereum.
The MyBit ICO will start on July 17th at 12:00 GMT +0, and will be open for 30 days or until the hard cap is reached. The hard cap is of 26,875 ETHER and the minimum requirement for the ICO deemed successful is of 4,000 ETHER. If minimum amount is not reached, all funds will automatically be transferred back to sender. Funds will be secured in a multi-signature wallet contract with 2 members of the MyBit team and 2 members from Brave New Coin and there is also a bounty campaign. During the ICO, 60% of the total 5M MYB supply. The remaining supply will be distributed as so:
· 10% to Founders
· 8% for Bounties and Advisors
· 22% for Bonuses, Rewards, and pre-sale discounts
There will be 2 Tranches during the TokenSale. Tranche 1 includes 9,375 ETHER at a 25% Discount : 1 ETHER = 133 MyB. Tranche 2 consists of 17,500 ETHER at full price : 1 ETHER = 100 MyB.